Alcoa $AA, a global leader in the aluminum industry, is facing significant headwinds stemming from recent US tariff decisions. According to company management, newly-imposed tariffs on aluminum imports from Canada are expected to cost the corporation approximately $90 million in the current quarter alone. This development highlights the increasing complexity of cross-border trade between the United States and Canada, casting uncertainty over the future of the aluminum sector as elevated costs reshape the market landscape.

On Monday, the Canadian dollar experienced a slight decline relative to the US dollar. Trading at 1.4310 CAD per 1 USD — equivalent to 69.88 US cents — the currency fell by 0.1% amid fluctuations ranging between 1.4289 and 1.4379.